Of Two Minds

LENDING is now the sucker’s game.Editor’s note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed essays to Of Two Minds since 2009.So this is the program: Devalue or deflate everything owned by the “li…

The gravy train will have to stop at some point, but right now the global elites have pushed their chips on to the U.S. dollar and stocks.Editor’s note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed…

Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.Editor’s note: This is a guest post by my friend …

The extremes are not visible to the vast majority of participants, and so they are exposed to high levels of risk they don’t see or understand.The question “Is the weather becoming more extreme?” opens up endless debates because our perceptions ma…

Class wars are the inevitable result of an economic system in which ‘anything goes if you’re rich enough and winners take most’. The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of ca…

The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses.Fundamentally, the economy of 2019 was not very different from the economy of 1959: people went sho…